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tv   The Journal Editorial Report  FOX Business  September 5, 2020 6:00pm-7:01pm EDT

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♪ editorial report, i am paul gigot. all eyes on the swing state of wisconsin this week with president trump and former vice president, joe biden. in the city of kenosha. the scene of sometimes violent protests, since the police shooting of jacob blake. striking different tones, both condemning writing has taken place. >> violent mobs have demolished or damaged 25 businesses, burned down public buildings and through leaks at police officers which they will not stand for.
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we don't stand for it. these are not acts of peaceful protests but domestic terror. >> none of it justifies looting, burning or anything else. regardless how angry you are, if you loot or barn you should be held accountable as anybody else. this cannot be tolerated across the board. paul: let's bring in our panel. dan henninger. kim strassel and jason riley. jason, who won the battle of the political battle of kenosha? [laughter] jason: it might be a little early to tell to give an answer on that. we will have to see the polls. president trump seems to think it's a winning issue for him, he can in blame on the protests
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that we are seeing going on around the country. the democrats, i think one of the challenges is he has this happening on his watch and what he can do to address this if he is reelected that he can't do right now while he's president. at the same time, i think biden feels he won't be blamed for this, he is seen as the more call me figure. he's looking at polls like those who say we need to prioritize, only about 8% talk about crime this is 30% jobs in the economy. if you look at polls, joe biden is ahead by almost ten points. both sides think the issue works for them and that's what we see.
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paul: there's no question joe biden tried to pick it from what has been silenced during the democratic convention about the unrest in the last ten days to address it but it sounds as if jason thinks he's done that well enough and is neutralizing the issue, at worse. what you think? dan: i would not go so far to say is neutralize the issue. the pivot has been to blame the violence on donald trump, all of these events occurring in places like portland, seattle and minneapolis, chicago and new york and there should be distinctions made there. all the fault of donald j trump. just of the democrats suggested that most of the coronavirus deaths are the result of trump's actions in the coronavirus hasn't disappeared because of
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trump. paul, these are basically postures assertions but the democrats had to respond and come up with a strategy and i think they have done here in the wake of the protests is push hard against trumps law & order argument and say the counterargument is racial justice in america to which they claim donald trump has no sympathy. it's clearly an appeal to black voters, trying to drive the black folks, young left-wing voters. trump himself is appealing to those suburbanites that is law and order argument. i think the lines have been drawn although more difficult argument is joe biden. it's a complicated strategy is pushing. paul: kim, let's get you in here to mediate this disagreement.
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to the extent, there is a disagreement. i want you to address what jason said, focusing so much on the law and order question and crime which is down in the list of voter concerns, is not focusing on what might be a stronger issue which is the economy. kimberly: i do agree. i'm going to split the middle, split the difference, i do think joe biden is on defense on this because the fact that he is there in wisconsin when he is supposed to accept the nomination, the campaign decided it had to get out on the ground and he needs to address the issue, they know there is some weakness on this but i agree this president deciding to go all in on this question, in some ways is sacrificing better discussions with him. the jobs numbers that are out this week, his promises to
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restore and economy, the fact that he has a track record in the he can legitimately do that or some of the things you saw coming out of the convention, inclusivity, opportunity for different groups of people left behind in the economic recovery, those of the president's strong points because they are where he consistently leads joe biden in terms of pulling and what people trust him to do. paul: jason, for trump to win on this issue, there's going to be a necessity that the protest continues so they are fresh in the minds of the people right up until election day. jason: i just don't think this is going to be a deciding factor in the election. when i look at polls of priorities, it is not up there. 30% talk about the economy being the top issue. fifteen or 16% talk about healthcare. it seems to be way down the list
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and when you turn to the issue, trump doesn't seem to have the advantage. he's not someone who people think will heal up and calm things down so i agree with kim that the economy should be where the focus is. that's where he has the advantage, what was going on pre-covid and he's the best person to get us back to that pre-covid economic growth we were seeing. paul: the jobs numbers were terrific this week. the race enters the post labor day, i'm hector. i'm a delivery operations manager in san diego, california. we've had a ton of obstacles in finding ways to be more sustainable for a big company. we were one of the first stations to pilot a fleet of zero emissions electric vehicles. the amazon vans have a decal that says, "shipment zero."
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we're striving to deliver a package with zero emissions in to the air. i feel really proud of the impact that has on the environment. but we're always striving to be better. i love being outdoors, running in nature. we have two daughters. i want to do everything i can to protect the environment to make sure they see the same beauty i've seen in nature. my goal is to lead projects that affect the world. i know that to be great requires hard work. my so you're a smallrojects businor a big one.rld. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down,
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as the race for the white house heads into the post labor day stretch, joe biden says he will resume in person campaigning, making stops in key battleground
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states after taking his campaign almost entirely online during the coronavirus pandemic. new polls show biden leading among likely voters in three states with nine-point lead in arizona. for in north carolina and eight-point lead in wisconsin. let's bring in carl. a senior advisor to president george w. bush. carl, we are about a week since the republican convention close, is it too early to look at the polls and say where the campaign is shaking out? carl: i'd wait a couple days more. we are now starting to get holes out and into the field sunday night and i feel better about the polls this week than those over the weekend. there's been a minor type race but it's been going on for some time. if you look at the politics average, the biggest gap was just over 11 points june 22 and
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today it's about 7.2 so there's a tightening but it's been going on for a while. paul: that means there's still a substantial lead nationwide for biden and less in the battleground states the use of the survey, nine points in arizona, eight in wisconsin. the president one arizona last time. carl: i want to be cautious on the state level polls, these are fox polls so we had greater confidence in those schools so i'm looking at private data senate races for example, arizona and north carolina and they show the race and small lead, we saw a public pool in north carolina this week that had the race dead even. we have a lot more national polls so we can construct an average the average gives us a better sense of where the race is. we don't have as many state level polls.
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is the president behind in states where he should be ahead? yes, he won with carolina in wisconsin and he's got some work to do but be careful about reading too much into one individual state level pool. paul: we'll see where that shakes out in the next ten or so days. let's talk about this law and order issue in urban unrest. the president is obviously trying to make it a major theme. joe biden is on the defensive where he starts talking about it but is it making a difference in the race? karl: i think the change in this race going to come by building issue upon issue upon issue to breaking.so will it help them get to the breaking.? it boils down to judgment. his joe biden to week to address this? is joe biden wrong in failing to address it? it was remarkable, it passed an
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entire week without mentioning once the lawlessness in american cities. i thought biden was smart to, and say i condemn certain terms the lawlessness that's going on in our cities, people must be punished. then turned around and diminished saying this is all donald trump. he's responsible for which i think is says to somebody in the suburbs, think about the people we have up for grabs in the election. they are saying i like what trump has done but i don't like the way he handles himself. when biden says it's all his fault, they say wait a minute, it's not his fault, it's the fault of the individuals provided pick up bricks and threw them through the windows and took cocktails and threw them. it's their fault, not donald trump's fault. it overwhelmed it, people simply left it alone and he said i condemn and on no uncertain terms what's going on, police must hunt down those people and they must be prosecuted. that would have been better than to make it entirely political and saying just remember, it's
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donald trump's fault. paul: the other, one of the themes related to this is this idea biden is weak, he's not tough enough to handle this kind of unrest. of course he's on your watch so who is weak and who is it? i wonder if the subtext relates to whether biden is going to be strong enough and willing to stand up to the political left which has been driving so much in the democratic party speak. karl: i think that's something we will see played out in the next seven or eight weeks. he's done things that have astonished me. he immediately said let's sit down and write 100 plus page paper on how i'm going to concede to you on most major economic social and political and military and national security issues. that document, the unity commission report that they signed off on an astonishing
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surrender to the left of the democratic party. that's the most liberal u.s. senate running mate, has sent things you wouldn't have said two or three years ago and maybe didn't even say a year ago. paul: i want to ask you about the jobs numbers in the economy this week because it looks like the economy is recovering faster than i thought it would. most people on wall street thought it would. we are still obviously have too many people out of work but it's recovering faster. how strongly would you hit this issue if you were the president. karl: i'd be hitting it hard as you go in september and october, i'd be hitting it hard because you got to make of it. his campaign has to make a but as we get further into the fall, coronavirus received from its position as the major concern.
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people began to turn their attention to who's better able to reignite the economy, this is where he has had an edge over biden. i read the dispatch every morning because they have a chart at the top that shows the seven-day rolling average for cases seven-day rolling average for deaths. we are down 50% from the highs we had earlier this summer on cases we are one third the level of deaths. not to diminish how terrible it is that 1000 or so week are dying but we are down to a third of where we were in may so that continues, the economy will be a bigger issue in the minds of voters. paul: that's about 1000 a day. karl: sorry. paul: no worries. when we come back, a battle for the senate. gravels to defend their majority. our panel look at the races to our panel look at the races to watch and what's at
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white house of course not the only institution that they can the november election evers copeland scramble to regain control of the u.s. senate. gop holds 8347 majority there now for publicans defending 23 seats this year compared to only 12 for democrats. our panel is back with a look at the races to watch. kim, as i counted, democrats are defending, public will lose alabama into more than or at least competitive but you look at republicans and i see at least seven states that are competitive in a significant way of the good news, particularly
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arizona and colorado and montana, maine and north carolina in a couple of georgia seats, or at least competitive so how do you see it? kim: i see it the same way, rank them in terms of the ones most at risk for republicans and you'd start in arizona where martha mcsally, named to that position is now defending the seat there, has trailed in all of the polls pretty much this entire year has also been outraised in terms of kelly, former astronaut running against them. many places like colorado and maine you have good candidates but the electorate have simply shifted a lot or in the case of maine where susan collins is running again for reelection, is a strong into feet towards donald trump which is weighing them down and the rest of these races i think the republicans
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have a good shot at keeping thes but it's going to depend on the broader race and president trump because it has become the case that senate tend to rise and fall based on the top of the ticket is dealing so we don't have a lot of ticket splitting so if he does well, you're likely to see the rest of these publicans when if he doesn't, they are in trouble. paul: dan, this lack of ticket splitting we've seen, people simply don't do that as much as they used to and a senator like susan collins, she has a very strong personal brand in maine and that has helped her in the past but this time, i wonder how bad, if there is a trump undertow in a state like that were in colorado, cory gardner is a tremendous political candidate but if trump loses colorado by eight points, hard to see him overcoming that.
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dan: yes, it is. this is a unique election, both presidential and state because of the pandemic, the coronavirus. no candidate is able to go out and go door to door and do the retail campaigning they normally do, the campaign has been nationalized, many are staying at home, they are watching it covered on television and that means watching donald trump and joe biden. the two presidential candidates are now carrying an alternate weight on the rest of the cases. that means undoubtedly we have to get to the presidential debate late september and presumably two more in october. people will be watching to see how the two candidates perform. big questions are especially around joe biden and the senate
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candidate have to adjust accordingly if the opinion polling go one way or another in the wake of those debates. the senate republicans will have to decide how long to type themselves to donald trump, does he have tails or is he going to look like a ball and chain in the middle of october? paul: jason, let's talk about the stakes. let's take democrats take control, there's a lot of talk some democrats sing we are going to do away with the filibuster rule and we can pass anyway we want with 51 votes, what would that mean and policy terms? jason: it would be an earthqua earthquake. [laughter] there are things they want to do like statehood, the democrats and more senators and puerto rico estate as well, which would help them, liberal
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constituencies so it would be a huge deal. when he was asked about this earlier in the year, he said everything is on the table. he is in no way distancing himself from some of these policies the candidates were talking about during the primary. paul: they are talking potentially about restructuring the federal courts, for example, that could be a big issue. they're talking about the most left-wing, i use that word advisedly, labor law the wegner act way back in the 1930s. they do away with the right to work than in the states, for example so it's a pretty different agenda than it was 20 years ago in the senate, jason. jason: oh yeah, it's very different. i'm looking at iowa and north carolina in particular, the boat splitting earlier that no longer
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occurs in 2016. no senate republican candidate one state trump didn't also wind. in iowa and north carolina, they are currently pulling behind donald trump so democrats one colorado and arizona and maine and still come up short but i don't think they can afford to let iowa go and north carolina. paul: thank you all. still ahead, unemployment rate below 10% in august as businesses continue to reopen from their covid shutdown. evidence grows that the lockdowns hurt the economy but may not have stopped the virus spread as much as advertised. spread as much as advertised. ♪
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we love our new home. there's so much space. we have a guestroom now. but, we have aunts. you're slouching again, ted. expired, expired...
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expired. thanks, aunt bonnie. it's a lot of house. i hope you can keep it clean. at least geico makes bundling our home and car insurance easy. which helps us save a lot of money oh, teddy. did you get my friend request? uh, i'll have to check. (doorbell ringing) aunt joni's here! for bundling made easy, go to geico.com. hello? the economy adding 1.4 million jobs in august the unemployment rate falling to 8.4% and 10.2% in july. the pace of hiring slowing somewhat as businesses continue to navigate the often complicated process. the reopening from widespread shutdowns. this is new data subjects the lockdowns did not help contain the spread of covid-19 as much as advertised. chief investment officer. good to have you back.
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let's talk about the jobs report. you've been saying from the start, and i read you regularly the it was going to be a v-shaped recovery, is that what we are seeing? >> it sure is. i look at the jobs report, the thing that strikes me is all the levels of everything including the unemployment rate you mentioned, it's pretty much where we were this month, august 2012. that put us more than three years from the so-called great recession. they're not just three months off the covid depression. yet, just about every way you can look at the labor market, we've gone back in three months to what three years plus 2012. that was a nike swish recovery. that was agonizing, it was horrible. this is going to be a classic v-shaped recovery. like most recoveries are. paul: what's driving this? is it just three openings happening across the country?
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is some of this the government stimulus? >> a combination of the two. the government forced us to lockdown so i guess it's only fair the government gave us various relief stimulus payments to keep us going. in q2 2020, we had the largest surge in personal income we've had in history in the same quarter as we had the largest drop in gdp. that is remarkable. the fact is, almost all the joblessness treated by the covered lockdowns was in the lower end of the employment market where people are making lower wages so those are exactly the people there is fairly easy to compensate them and money and then the jobs start again when the lockdowns and they get the jobs back. paul: so some of our favorite economists saying if you look at the data inside the numbers, the actual appointment number should
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be 9.9% because there's 1.1 million people because of the calculation mistake that are being considered in the workforce who are actually out of work. what you make of that distinction? >> we've gone through a period where all economic statistics are not only producing magnitude but a volatility but we've never seen before. this is an example, economic data is especially hard to collect now because people are having to work from home especially with labor market data with a labor statistics go door to door and takes a survey to do their statistics, that's not happening. we are in the war and i'd be happy to get in an argument with my friend, jason between 9.9.
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i think we should declare victory, thank goodness we now have a recession on our hands, not of depression. paul: he said recession isn't recovery, though. is it recovery? the economy is expanding again. the atlanta federal reserve is 30% year over year increase in gdp in the third quarter. >> absolutely. it's just when you started from a depression, getting into recession is an act of recovery but eventually when they get the official date of the trust, it's probably going to be april or may. the call is april which means this would be a two-month depression and the shortest recession on record before this was seven months. it is an amazing thing. paul: in your are concerned at all about the ending of the federal payments and whether they will have economists have if all of the demand cliff because consumer spending will fall?
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>> this is a difficult thing because during the lockdowns, we had to do that. of course we will pay the price for in the future but it was necessary. probably don't want simply cut off all the benefits so what trump did was executive orders, he turned the fiscal cliff into a nice fiscal offering. whether the slope of it is the exact degree of gentleness so on the one hand you don't dispossess people but on the other hand, you don't create continuing disk and incentives to go back to work, we will see if we get the exact angle right but it's in goodness and we are letting people down easy. i'm talking to you from dallas, you are seeing signs around town, trump yard signs and help wanted. we do. paul: we do have job openings. you had a provocative piece pointing out your data, the lockdowns states don't have the
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much better record dealing with covid than the states that remained relatively open. explained that. >> you can tell whether the city or zip code is locked down because we can now measure whether people are staying at home whether they are out in the world, we can track the cell phones. they're not just looking at mandates, governors and county supervisors put on people, we are looking at what they actually did. what is the compliance? we can see the period of lockdown which lasted from the first week of april and open up ever since and look at the number of cases and deaths from the virus during those two periods. just see if there's any correlation and there's really not. little correlation is is ever so slightly in favor of the absurd idea the places that locked down the most had the worst results of controlling the disease but that's a week relationship specifically but if you're going
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to deliberately cause a depression, you want a strong relationship you want it to be a positive relationship. it not good enough to have a weak negative relationship. i'm willing to give our little class a pass on this and say it was war, we didn't know, it's never confronted this thing before, they did what they had to do in the face of what might have been a weapon of mass destruction. report card is in now, we can look backwards, not models but data and it didn't work. paul: that suggests we don't want a lockdown again. thank you for coming in. still ahead, new york city delays the return of in school classes and whether districts choose not to open at all. the parents look for alternatives to online instruction for the children. so you're a small business, or a big one. you were thriving, flourishing, but then... oh. ah. okay. time to think, plan, pivot.
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mayor bill de blasio said this week the start of the fall term in the nation's largest school
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district will be delayed amid the threat of a teacher strike. de blasio announcing an agreement with the teachers union will push back in prison learning for the systems 1.1 million students until at least september 21. the delay comes as public schools across the country grapple with reopening amid the coronavirus pandemic and is some parents for options to online only learning. will wiccans meanwhile are putting the issue of school choice front and center in the november election. we'll be back. dan, i want you to explain something. i'm a little thickheaded here. andrew cuomo says crossed the line in new york. his saying everyday very few positive cases on the road to recovery and de blasio says sorry, we can't open schools. why not? >> they cannot because in a word, they are incompetent.
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this is really the big sleeper of the campaign. as i've been saying, it a unique election because of the pandemic. just a month or six weeks ago, joe biden wrapped his arms completely around the public schools and public school unions. the sanders, biden sanders task force says they are going to promote the schools, suppressed charter schools with regulation and biden with the choice scholarship program in the district of columbia. fast-forward in here you have the city of new york with 1.1 million students attending 1700 schools and not only are the unions opposing the opening, the city is showing itself incapable of executing an opening with or without the union. the los angeles school district has announced enrollments are down 12,000, 6000 alone and can garden. in this context, parents are
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looking for alternatives right now to the public schools. paul: kim, is a what's going to make school twice potentially a more powerful issue than otherwise i was struck cap prominently republicans put that as an issue with articulate spokesman and women making the case for. kim: absolutely. here's the thing, it's not just what dan has described which are these school districts have abandoned parents. what this moment is really doing is causing a lot of mom and dads to say wait a minute, what have you ever really done for me? rethink the entire public school phenomena. he of people voting with their feet, flooding out of urban areas because the schools are opening and they want a better solution. have this flood of inquiries in private and charter schools and you have people we embracing homeschooling as an option,
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setting up learning pods, there's a break in the mindset of people saying we need to rethink this whole situation. that's what republicans are doing. paul: jason, if you look back at 2018 and the florida governor's race, they pressed really hard on the school choice. democrats opposed it and to santos credits his victory in part to that. is that what recordings are looking at here is perhaps an edge these swing states on school choice? jason: definitely. i think they're right to do so, some of the pulling out there shows around 80% of parents didn't think there children got much morning done earlier this year after close were shut down. but kids in charter and private schools were much more positive
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about how their schools adapted to distance learning so yes, i think it is an issue but it also lays what dan was getting at, the unions. they are in control of our public education system and so long as they are, they will put them ahead of kids. because the democrats are beholden, they will not cross them on this issue. paul: in massachusetts, you followed this, trying to regulate teaching pods which are families that get together to offer an alternative for the kids. kim: it is inevitable. as soon as parents start getting creative, here come the pod police. all kinds of things, not more
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than five families and can't pay anybody for the services. this is not what parents need right now, they need more flexibility and freedom in these times. paul: still ahead, ben franklin. yes, ben franklin is labeled a person of concern as the d.c. committee re-examines the name committee re-examines the name and when you think of a bank, you think of people in a place. committee re-examines the name and but when you have the chase mobile app, your bank can be virtually any place. so, when you get a check... you can deposit it from here. and you can see your transactions and check your balance from here. you can detect suspicious activity on your account from here. and you can pay your friends back from here. so when someone asks you, "where's your bank?" you can tell them: here's my bank. or here's my bank. or, here's my bank. because if you download and use the chase mobile app, your bank is virtually any place. so visit chase.com/mobile.
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identifying benjamin franklin, a person of concern. recommending his name be removed from city property. the astonishing proposal came from a committee forum by mayor to re-examine the names of schools, parks and government buildings in the nation's capital in the wake of recent protests. panel suggested adding plaques or contexts to federal own
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properties including the washington monument and jefferson memorial. it ministration has since removed the recommendations from the committee's report. jason, never thought i'd see the day but what is going on here? jason: [laughter] i think it exposes the fundamental seriousness of these groups of people, you just have to ask yourself, what is the point of all of this? raising a fist or chanting some silly slogan, in washington d.c., homicides are up over last year, assault or up. d.c. children do math while the love below the national average. what is removing a national monument doing to address that? what is it going to do to address those problems? i think it shows how imperious
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they are. paul: dan, guess franklin wants old slaves although later, he is head of the abolition society in pennsylvania later in his life, george washington, the man who brought independence, he's also in the dock. really? are going to . dan: you are running deep detail, it wasn't in the document. they didn't explain any of that, they just had a list. alexander bell, the inventor of the telephone, he's on the list. who knew? on a the inventor of the polio vaccine? all joking aside, i think it is absolutely serious. reinventing history, doing it across the country. you can bet if the public schools ever reopen, they will be teaching the students exactly
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this. it is the transformation of american history, i think it does require more active resistance and it's getting. ludicrous as it may seem, it is a big problem to me. paul: kim, i thought the problem of the name redskins was redskins, not washington. yet, it seems washington also is problematic. about fighting back, what you do? kim: well, i think you do what we are doing right here and you talk about the absurdity of this. part of the thing, i thought that there was real merit in this, they did actually explain some of the filters in the ways they decided who got to go on the list. it is remarkable, one was not just how these people's attitudes toward african-americans but also towards women and the lgbtq community. you have to, george washington
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lgbtq, he would probably think you are speaking latin. the idea you can apply 21st century standards to 18th century figures is crazy. but that is what we are trying to do and that's the attitude you have to fight back and you have to expose it and show how silly it is. paul: jason, you know from your own daughter that this is working its way through the education system across the country. jason: yeah, i think the current state of the new york times, if you're going to write history in that way, jefferson davis is no difference in different than thomas jefferson. paul: is there a way to stop it or just fight back by fighting back making the alternative
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case? jason: i think that is what you have to do, make the alternative case but that is going to be difficult because it's out there and it's being taught in our public schools ♪ limu emu & doug you know limu, after all these years it's the ones that got away that haunt me the most. [ squawks ] 'cause you're not like everybody else. that's why liberty mutual customizes your car insurance, so you only pay for what you need. what? oh, i said... uh, this is my floor. nooo! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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>> i'm for hits and misses of the week. kim first to you. >> there's two things that americans hate more than politicians with one set of rules fors themselves and one fr them. this is a miss. nancy pelosi was caught getting your hair done in violation of city ordinances and also not wearing a mask and by lecturing others. instead of holding nancy and lock down with even the field by opening up everything so that everyone can use these services and small businesses can once again start making money and the economy can be free.
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>> here, here. jason. >> this is the national flood all-league season about to begin. they are following the footsteps of the nba and major league baseball and allowing the stadium to be used as a platform for black lives matter propaganda so we are going to see social justice slogans and the end zone send the names of victims and so forth. this is and why people turn in to watch football and might be why some of the -- paul: maybe some will. dan. m >> paul let's give a hit to charles andrews who just this past week was elected the first african-american mayor of monroeville alabama or that is the town that inspired the novel "to kill a mockingbird." what is striking was mr. andrews victory statement after elected mayor. he said today as they stand on the threshold of history the
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shoulders of ours parents and poor parents we are one people one town one team all-inclusive. we could use more of that. >> that's it or this week's show. thanks to my panel thanks to all of you for watching. i am paul should go and i hope to see you right here next week or he is lou: good evening everybody. president trump today hitting another key swing state as we approach two months until election day. president trump this hour will be in western pennsylvania, the state for new polling has the president all tied up with china joe biden. rasmussen has the president biden with 46% support in the important battleground state of pennsylvania. the same poll shows president trump with 27% support among african-americans in pennsylvania. that is an increase of 19-point ovt

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